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Robinhood Takes Minority Stakes in Crypto.com and OG.com in Multi-Year Prediction Markets Deal — BigGo Finance

Robinhood Takes Minority Stakes in Crypto.com and OG.com in Multi-Year Prediction Markets Deal — BigGo Finance

Robinhood Markets (HOOD) is deepening its push into event-based trading through a new multi-year agreement with Crypto.com, a deal that gives the retail brokerage minority ownership positions in both the digital-currency exchange and its recently spun-off prediction markets platform, OG.com.

Shares of Robinhood climbed roughly 3.4% to about $126.40 in premarket trading Tuesday after the partnership was reported by the Wall Street Journal. The arrangement will route selected football event contracts from OG.com onto Robinhood’s app as the U.S. professional football season gets underway, adding another trading venue alongside the company’s existing partners.

The stakes will be priced in line with Citadel Securities’ recent investment in…

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